However, there is still much risk in Bitcoin and cryptocurrencies. Bitcoin as a currency is still new and volatile, and it is not clear if it is a faddish or persistent transformation, although the concept may have considerable resiliency even if specific cryptocurrencies do not (i.e.; Baconcoin). Also, there is only about $8 billion USD in Bitcoin now, and it would need to be on the order of $50-100 billion USD to receive more serious financial consideration. The currency does have a number of important features that could propel acceptance including architecture (psuedo-anonymous and trustless), openness, low-cost (eliminates currency exchange costs), and fungible worldwide availability. As Kevin Kelly points out, Bitcoin is not just a payment mechanism, it is a revolutionary way to enable collaboration at an unprecedented scale. Bitcoin is the reinvention of the institution of capital. Further, in the automation economy, Bitcoin is automated and open accounting; a transparent ledger. The concept of Bitcoin and its architecture and operation is a new model which is not unlike the brain, where (at minimum) many functions are handled automatically, and there is a certain modular aspect to function. Bitcoin might be a universal mathematical model of nature that human intelligence is just now discovering.
Sunday, July 20, 2014
Enterprise Bitcoin and the Brain as a CryptoCurrency Network
However, there is still much risk in Bitcoin and cryptocurrencies. Bitcoin as a currency is still new and volatile, and it is not clear if it is a faddish or persistent transformation, although the concept may have considerable resiliency even if specific cryptocurrencies do not (i.e.; Baconcoin). Also, there is only about $8 billion USD in Bitcoin now, and it would need to be on the order of $50-100 billion USD to receive more serious financial consideration. The currency does have a number of important features that could propel acceptance including architecture (psuedo-anonymous and trustless), openness, low-cost (eliminates currency exchange costs), and fungible worldwide availability. As Kevin Kelly points out, Bitcoin is not just a payment mechanism, it is a revolutionary way to enable collaboration at an unprecedented scale. Bitcoin is the reinvention of the institution of capital. Further, in the automation economy, Bitcoin is automated and open accounting; a transparent ledger. The concept of Bitcoin and its architecture and operation is a new model which is not unlike the brain, where (at minimum) many functions are handled automatically, and there is a certain modular aspect to function. Bitcoin might be a universal mathematical model of nature that human intelligence is just now discovering.
Posted by LaBlogga at 11:58 PM View Comments
Labels: Bitcoin, bitpay, coinbase, collaboration, cryptocurrency, economics, enterprise bitcoin, enterprise IoT, future economics, multi-currency, open ledger, post-scarcity economics, transparency
Sunday, March 02, 2014
Illiberty in Biohacking, Personal Data Rights, Neuro-diversity, and the Automation Economy
As individuals, we continue to wake up to higher levels of consciousness in constituting ourselves as subjects, and now is the time to develop an awareness and response for new situations of illiberty.
Illiberty extends the familiar equity, social justice, privilege, and access struggles and covers a larger conceptual ground. Here are some new cases of illiberty, many of which we may be unaware:
- Labor Rights: Mind liberation from working in the corporation, working for others
- Personal Data Rights: rights and responsibilities conferred upon personal data, especially big health science data streams: personal genome data, pacemaker data, biometric data, quantified self-tracking gadgetry data, neuro-data streams
- Citizen Scientist Rights: Non-institutional conduct of scientific research, biorights, biohacking, the biocitizen, community labs
- Neural Rights: Neurodiversity, ASD (autism spectrum disorder), introversion, mind emancipation
- Economic Rights: Basic income guarantee (JET Vol 24, Issue 1), automation economy, post-scarcity economy
- Augmentation Rights: Rights and responsibilities of augmented persons
- Develop the illiberty concept drawing on: Derrida (democracy to come – inherent illiberty in the conceptualization of liberty), Rancière (emancipation), de Soto (responsibility-taking maturation), Dussel (liberty recast as liberation), Foucault (self-imposed disciplinary power) and Deleuze (micro-fascisms in one’s own thinking).
- Identify the conceptual shifts and argument structure in the historical development of equality philosophies (decolonialism, feminism, queer theory, transgender, marriage equality, neurodiversity, polyamory)
Posted by LaBlogga at 2:09 PM View Comments
Labels: biohacking, equity, freedom, future, Illiberty, illiberty studies, justice, liberty, neuro-diversity, personal data rights, philosophy, political, post-scarcity economics, social justice
Sunday, September 15, 2013
Economics 2.0 Unbounded Upside: Pay-Forward Debit Karma Society
So far, in much our human endeavor, we have been oriented around a baseline and the goal of maintaining, achieving, or re-achieving that baseline, completely ignoring all of the possible outcomes on the positive side of the base line.
In finance and credit, loans are made, and the best anyone can hope for is to regain baseline, to have all of the monies repaid, or to achieve an as perfect as possible credit score.
We do not even have terminology for the conceptual opposite of credit, but what would a society based on debit, positive credit, or paid-forward karma look like?
One vision is considering that in our societies, the financial surplus and resources already exist, and could be apportioned away from bureaucratic programs to instead pay-forward every person a sustainable living allowance each month or year. This would shift the focus to unbounded upside as everyone wonders what can they do not what they have to do for survival.
Regaining baseline is also the paradigm in other areas such as medicine and psychology: cure is returning a pathology to baseline, not going beyond baseline to improved wellness, enhancement, or future prevention. The advent of new fields such as Positive Psychology in the 2000s helps to expose the pervasive baseline mentality and potential expansions therefrom.
As it has been easier and more obvious to focus on reductionist practices in science, so too has been easy and a clear view to focus on the territory below baseline because it is a bounded defined area, whereas above baseline is open and unbounded, in other words, pure opportunity in the most Deleuzian and Bergsonian sense.
Posted by LaBlogga at 3:35 PM View Comments
Labels: baseline, Bergson, credit, debt, Deleuze, economy, economy 2.0, enhancement, karma, linearity, loan, pathology, pay-forward, philosophy, post-scarcity economics, technology philosophy, unbounded, upside